4 Autumn Budget | 28 October 2026 Personal taxation Income tax The main personal allowance for 2027/28 will remain at £12,570, the higher rate threshold at £50,270 and the additional rate threshold at £125,140. The freeze to these thresholds remains until the end of 2030/31. Savings rate band The 0% band for the starting rate for savings income for 2027/28 will remain at its current level of £5,000 up to and including 2030/31. Savings tax rates The tax rate on savings income will rise by a further two percentage points above the levels announced in Budget 2025, taking the rates to 24%, 44% and 49% from April 2027. Property tax rates The tax rates on property income in England, Wales and Northern Ireland will also rise by two percentage points above previously announced rates, to 24%, 44% and 49% from April 2027. Company car tax The scale rates for 2030/31 will be one percentage point above 2029/30 rates across all vehicle bands. Mileage rates The tax-free mileage rates for employees and selfemployed people who use their own car or van for work will be permanently increased to 55p per mile for the first 10,000 miles and 35p per mile for mileage above 10,000 miles. Saver Tax on interest rises in 2027/28. The rates of tax on savings interest rise by four percentage points from 2027/28. You could save tax by closing deposit accounts before then to crystallise interest in the current tax year.
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